bitcoin

Popular bitcoin wallets

Once you have decided to start using Bitcoins, you need to get a unique bitcoin address or wallet to store your bitcoins. Your bitcoin wallet address is similar to an email address, people will send bitcoin to your bitcoin wallet address. You can share or publish your bitcoin address so that people can send you money at that address.

Choose to download the software and keep your wallet on your computer, mobile device, or use an online wallet, or all of the above!

Bitcoin wallets for your mobile phone:

Mobile wallets allow you to bring Bitcoin with you in your pocket. You can exchange bitcoins easily and pay in physical stores by scanning a QR code or using NFC “tap to pay”.

Airbitz – Airbitz is a mobile Bitcoin Wallet making high levels of privacy, security, and decentralization very familiar and usable to the masses. Airbitz wallets are always automatically encrypted, backed up, and even function when Airbitz servers go down.

Mycelium – Mycelium Bitcoin Wallet is an open source wallet for Android designed for security, speed, and ease of use. It has unique features to manage your keys and for cold storage that help you secure your bitcoins.

GreenAddress – Green Address is a user-friendly multi-signature wallet with improved security and privacy. At no time are your keys server side, even encrypted. For security reasons, you should always use 2FA and the browser extension or Android App.

Bitcoin wallet – Bitcoin Wallet for Android is easy to use and reliable, while also being secure and fast. Its vision is de-centralization and zero trust: No central service is needed for Bitcoin-related operations. The app is a good choice for non-technical people.

Online or Web based bitcoin wallets:

Online wallets are not stored on your computer at all, and so can be accessed from anywhere you are able to access the web. With an online wallet you have to take great care not to lose your password and to use a company that you can trust to keep your wallet and coins safe. The following online wallet providers do not hold the private keys for your wallet, and so even if they are hacked or go down, your bitcoin is safe.

Green Address – GreenAddress is a user-friendly multi-signature wallet with improved security and privacy. At no time your keys are server side, not even encrypted. For security reasons, you should always use 2FA and the browser extension or Android App.

Bitgo – BitGo is a multi-signature wallet offering the highest levels of security. Every transaction requires two signatures, protecting your bitcoins from malware and server attacks. Private keys are held by the user such that BitGo cannot access the bitcoins. It is a good choice for non technical users.

Blockchain.info – Blockchain.info is a user-friendly hybrid wallet. It stores an encrypted version of your wallet online but decryption happens in your browser. For security reasons, you should always use the browser extension and email backups.

The following online wallets are very secure.Coinbase is my personal favorite one You get a $1 Bitcoin and if you refer Friends they reward you as well

Using digital currency is more fun with friends! You can invite your friends by sharing the provided link. Once your friend buys or sells $100 (€86) of digital currency or more, you will both get $10 (€8) of free bitcoin.

Coinbase – Coinbase is a web wallet service that aims to be easy to use. It also provides an Android web wallet app, merchant tools and integration with US bank accounts to buy and sell bitcoins. If you sign up using the following link, you will get $1 free bitcoin in your coinbase account!https://www.coinbase.com

Bitcoin Cyprus

Bitcoin is a new kind of money that can be sent from one person to another without the need for a trusted third party such as a bank or other financial institution; it is the first global, decentralized currency.

What is Bitcoin, the technology?

Bitcoin was originally released in 2009 by Satoshi Nakamoto as a piece of software and a paper describing how it works. Because Bitcoin is fundamentally software, anybody can run it on their computer, and therefore participate in a global economy.

One of the most important elements of Bitcoin is the blockchain, which tracks who owns what, similar to how a bank tracks assets. What sets the Bitcoin blockchain apart from a bank’s ledger is that it is distributed, meaning anyone can view it. Since Bitcoin is open, no company, country, or third party is in control of it, and anyone can participate.

What is bitcoin, the currency?

One can use bitcoins to purchase goods on the internet and in stores. The following are some unique properties of Bitcoin:

Bitcoin is global: Bitcoins can be sent to someone across the world as easily as one can pass cash across the counter. Bitcoin isn’t closed on weekends and doesn’t impose any arbitrary limits.

Bitcoin is irreversible: Bitcoin is like cash in that transactions cannot be reversed by the sender. In comparison, credit card, popular online payment systems, and banking transactions can be reversed after the payment has been made – sometimes months after the initial transaction.

Bitcoin fees are cheap: Bitcoin transaction fees are usually negligible. Currently, they range from half of a cent USD to 5 cents USD, for a bitcoin transaction of any size. This is significant to merchants, who are used to paying ~2-3% with credit cards (and passing these fees on to their customers), and great for everybody who is accustomed to paying $2 – $5 to withdraw cash from an ATM.

Bitcoin is private: When paying with bitcoins, there are no bank statements, and one need not provide unnecessary personal information to the merchant. Bitcoin transactions do not contain any identifying information other than the bitcoin addresses and amounts involved.

Bitcoin is secure: Due to the cryptographic nature of the Bitcoin network, Bitcoin payments are fundamentally more secure than standard debit/credit card transactions. When making a Bitcoin payment, no sensitive information is required to be sent over the internet. There is very low risk of your financial information being compromised, or having your identity stolen.

Bitcoin is open: Every transaction on the Bitcoin network is published publicly, without exception. This means there’s no room for manipulation of transactions, changing the money supply, or adjusting the rules mid-game. The software that constitutes the core of Bitcoin is free and open-source so anyone can review the code.

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